Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Jul. 31, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | ALASKA COMMUNICATIONS SYSTEMS GROUP INC | |
Entity Central Index Key | 0001089511 | |
Trading Symbol | alsk | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 53,532,252 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 23,920 | $ 13,351 |
Restricted cash | 1,631 | 1,634 |
Short-term investments | 134 | 134 |
Accounts receivable, net of allowance of $4,653 and $3,936 | 22,471 | 31,472 |
Materials and supplies | 7,984 | 6,737 |
Prepayments and other current assets | 10,674 | 12,169 |
Total current assets | 66,814 | 65,497 |
Property, plant and equipment | 1,405,566 | 1,390,622 |
Less: accumulated depreciation and amortization | (1,029,094) | (1,017,442) |
Property, plant and equipment, net | 376,472 | 373,180 |
Deferred income taxes | 432 | 498 |
Operating lease right of use assets | 80,458 | |
Other assets | 15,283 | 16,010 |
Total assets | 539,459 | 455,185 |
Current liabilities: | ||
Current portion of long-term obligations | 4,546 | 2,289 |
Accounts payable, accrued and other current liabilities | 38,187 | 40,957 |
Advance billings and customer deposits | 3,806 | 4,024 |
Operating lease liabilities - current | 2,517 | |
Total current liabilities | 49,056 | 47,270 |
Long-term obligations, net of current portion | 173,499 | 168,023 |
Deferred income taxes | 2,348 | 2,315 |
Operating lease liabilities - noncurrent | 77,937 | |
Other long-term liabilities, net of current portion | 66,815 | 67,827 |
Total liabilities | 369,655 | 285,435 |
Commitments and contingencies | ||
Common stock, $.01 par value; 145,000 authorized; 53,893 issued and 53,774 outstanding at June 30, 2019; 53,268 issued and outstanding at December 31, 2018 | 540 | 533 |
Treasury stock, 119 shares at cost | (205) | |
Additional paid in capital | 160,654 | 160,514 |
Retained earnings | 10,701 | 10,439 |
Accumulated other comprehensive loss | (2,772) | (2,675) |
Total Alaska Communications stockholders' equity | 168,918 | 168,811 |
Noncontrolling interest | 886 | 939 |
Total stockholders' equity | 169,804 | 169,750 |
Total liabilities and stockholders' equity | $ 539,459 | $ 455,185 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) shares in Thousands, $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Allowance for doubtful accounts | $ 4,653 | $ 3,936 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 145,000 | 145,000 |
Common stock, shares issued (in shares) | 53,893 | 53,268 |
Common stock, shares outstanding (in shares) | 53,774 | 53,268 |
Treasury stock, shares (in shares) | 119 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Operating revenues | $ 57,395 | $ 59,578 | $ 114,304 | $ 115,550 |
Operating expenses: | ||||
Cost of services and sales (excluding depreciation and amortization) | 26,356 | 26,542 | 51,983 | 52,375 |
Selling, general and administrative | 18,718 | 16,507 | 35,374 | 32,519 |
Depreciation and amortization | 9,200 | 8,197 | 17,879 | 16,984 |
(Gain) loss on disposal of assets, net | (95) | 44 | (97) | 41 |
Total operating expenses | 54,179 | 51,290 | 105,139 | 101,919 |
Operating income | 3,216 | 8,288 | 9,165 | 13,631 |
Other income and (expense): | ||||
Interest expense | (3,096) | (3,401) | (6,152) | (6,905) |
Loss on extinguishment of debt | (31) | (2,830) | ||
Interest income | 95 | 24 | 170 | 38 |
Other (expense) income, net | (122) | (91) | 13 | |
Total other income and (expense) | (3,154) | (3,468) | (8,812) | (6,854) |
Income before income tax expense | 62 | 4,820 | 353 | 6,777 |
Income tax expense | (46) | (1,418) | (144) | (1,306) |
Net income | 16 | 3,402 | 209 | 5,471 |
Less net loss attributable to noncontrolling interest | (19) | (40) | (53) | (72) |
Net income attributable to Alaska Communications | 35 | 3,442 | 262 | 5,543 |
Other comprehensive (loss) income: | ||||
Minimum pension liability adjustment | 19 | 57 | 39 | 114 |
Income tax effect | (5) | (16) | (11) | (32) |
Amortization of defined benefit plan loss | 122 | 91 | 243 | 182 |
Income tax effect | (35) | (26) | (69) | (52) |
Interest rate swap marked to fair value | 47 | 107 | 34 | 412 |
Income tax effect | (14) | (31) | (10) | (118) |
Reclassification to interest expense | (224) | (97) | (451) | (122) |
Income tax effect | 64 | 28 | 128 | 35 |
Total other comprehensive (loss) income | (26) | 113 | (97) | 419 |
Total comprehensive income attributable to Alaska Communications | 9 | 3,555 | 165 | 5,962 |
Net loss attributable to noncontrolling interest | (19) | (40) | (53) | (72) |
Total other comprehensive income attributable to noncontrolling interest | 0 | 0 | ||
Total comprehensive loss attributable to noncontrolling interest | (19) | (40) | (53) | (72) |
Total comprehensive (loss) income | $ (10) | $ 3,515 | $ 112 | $ 5,890 |
Net income per share attributable to Alaska Communications: | ||||
Basic (in dollars per share) | $ 0 | $ 0.06 | $ 0 | $ 0.10 |
Diluted (in dollars per share) | $ 0 | $ 0.06 | $ 0 | $ 0.10 |
Weighted average shares outstanding: | ||||
Basic shares (in shares) | 53,799 | 53,111 | 53,591 | 52,897 |
Diluted (in shares) | 54,569 | 53,888 | 54,599 | 53,829 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance at beginning of period (in shares) at Dec. 31, 2017 | 52,526 | ||||||
Issuance of common stock pursuant to stock plans, $.01 par (in shares) | 658 | ||||||
Purchases of common stock, $.01 par | |||||||
Balance at end of period (in shares) at Jun. 30, 2018 | 53,184 | ||||||
Balance, beginning at Dec. 31, 2017 | 525 | $ 158,969 | $ (3,579) | $ (2,396) | $ 991 | $ 154,510 | |
Issuance of common stock pursuant to stock plans, $.01 par | 7 | 104 | |||||
Balance, ending at Jun. 30, 2018 | $ 532 | 159,230 | 6,902 | (1,977) | 959 | 165,646 | |
Stock-based compensation | 567 | ||||||
Surrender of shares to cover minimum withholding taxes on stock-based compensation | (410) | ||||||
Net income attributable to Alaska Communications | 5,543 | 5,543 | |||||
Cumulative effect of new accounting principles adopted | 4,938 | ||||||
Total comprehensive (loss) income | 419 | 5,890 | |||||
Net loss attributable to noncontrolling interest | (72) | $ (72) | |||||
Contributions from noncontrolling interest | 40 | ||||||
Balance at beginning of period (in shares) at Mar. 31, 2018 | 53,111 | ||||||
Issuance of common stock pursuant to stock plans, $.01 par (in shares) | 73 | ||||||
Purchases of common stock, $.01 par | |||||||
Balance at end of period (in shares) at Jun. 30, 2018 | 53,184 | ||||||
Balance, beginning at Mar. 31, 2018 | 531 | 158,795 | 3,460 | (2,090) | 999 | $ 161,695 | |
Issuance of common stock pursuant to stock plans, $.01 par | 1 | 110 | |||||
Balance, ending at Jun. 30, 2018 | $ 532 | 159,230 | 6,902 | (1,977) | 959 | 165,646 | |
Stock-based compensation | 325 | ||||||
Surrender of shares to cover minimum withholding taxes on stock-based compensation | |||||||
Net income attributable to Alaska Communications | 3,442 | 3,442 | |||||
Total comprehensive (loss) income | 113 | 3,515 | |||||
Net loss attributable to noncontrolling interest | (40) | $ (40) | |||||
Balance at beginning of period (in shares) at Dec. 31, 2018 | 53,268 | ||||||
Issuance of common stock pursuant to stock plans, $.01 par (in shares) | 625 | ||||||
Purchases of common stock, $.01 par | $ (119) | (205) | |||||
Balance at end of period (in shares) at Jun. 30, 2019 | 53,774 | ||||||
Balance, beginning at Dec. 31, 2018 | 533 | 160,514 | 10,439 | (2,675) | 939 | $ 169,750 | |
Issuance of common stock pursuant to stock plans, $.01 par | 7 | 99 | |||||
Balance, ending at Jun. 30, 2019 | $ 540 | (205) | 160,654 | 10,701 | (2,772) | 886 | 169,804 |
Stock-based compensation | 489 | ||||||
Surrender of shares to cover minimum withholding taxes on stock-based compensation | (448) | ||||||
Net income attributable to Alaska Communications | 262 | 262 | |||||
Cumulative effect of new accounting principles adopted | |||||||
Total comprehensive (loss) income | (97) | 112 | |||||
Net loss attributable to noncontrolling interest | (53) | $ (53) | |||||
Balance at beginning of period (in shares) at Mar. 31, 2019 | 53,610 | ||||||
Issuance of common stock pursuant to stock plans, $.01 par (in shares) | 283 | ||||||
Purchases of common stock, $.01 par | $ (119) | (205) | |||||
Balance at end of period (in shares) at Jun. 30, 2019 | 53,774 | ||||||
Balance, beginning at Mar. 31, 2019 | 536 | 160,704 | 10,666 | (2,746) | 905 | $ 170,065 | |
Issuance of common stock pursuant to stock plans, $.01 par | 4 | 102 | |||||
Balance, ending at Jun. 30, 2019 | $ 540 | $ (205) | 160,654 | 10,701 | (2,772) | 886 | 169,804 |
Stock-based compensation | (9) | ||||||
Surrender of shares to cover minimum withholding taxes on stock-based compensation | $ (143) | ||||||
Net income attributable to Alaska Communications | 35 | 35 | |||||
Cumulative effect of new accounting principles adopted | |||||||
Total comprehensive (loss) income | $ (26) | (10) | |||||
Net loss attributable to noncontrolling interest | (19) | $ (19) | |||||
Contributions from noncontrolling interest |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares shares in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | |
Common Stock [Member] | |||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 |
Treasury Stock [Member] | |||
Purchases of shares of common stock, shares (in shares) | 119 | 119 | |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash Flows from Operating Activities: | ||
Net income | $ 209 | $ 5,471 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 17,879 | 16,984 |
(Gain) loss on disposal of assets, net | (97) | 41 |
Amortization of debt issuance costs and debt discount | 606 | 689 |
Loss on extinguishment of debt | 2,830 | |
Amortization of deferred capacity revenue | (2,259) | (1,930) |
Stock-based compensation | 489 | 567 |
Income tax expense | 144 | 1,306 |
Charge for uncollectible accounts | (32) | 1,092 |
Amortization of right-of-use assets | 1,148 | |
Other non-cash expense, net | 244 | 181 |
Income taxes receivable | (36) | |
Changes in operating assets and liabilities | 7,172 | (2,007) |
Net cash provided by operating activities | 28,333 | 22,358 |
Cash Flows from Investing Activities: | ||
Capital expenditures | (20,432) | (17,081) |
Capitalized interest | (609) | (891) |
Change in unsettled capital expenditures | (551) | (1,632) |
Proceeds on sale of assets | 19 | |
Net cash used by investing activities | (21,573) | (19,604) |
Cash Flows from Financing Activities: | ||
Repayments of long-term debt | (171,768) | (20,506) |
Proceeds from the issuance of long-term debt | 180,000 | 14,000 |
Debt issuance costs and discounts | (2,683) | |
Cash paid for debt extinguishment | (1,252) | |
Cash proceeds from noncontrolling interest | 40 | |
Payment of withholding taxes on stock-based compensation | (448) | (410) |
Purchases of treasury stock | (149) | |
Proceeds from the issuance of common stock | 106 | 111 |
Net cash provided (used) by financing activities | 3,806 | (6,765) |
Change in cash, cash equivalents and restricted cash | 10,566 | (4,011) |
Cash, cash equivalents and restricted cash, beginning of period | 14,985 | 16,168 |
Cash, cash equivalents and restricted cash, end of period | 25,551 | 12,157 |
Supplemental Cash Flow Data: | ||
Interest paid | 6,114 | 7,251 |
Income taxes paid, net | $ 10 | $ 4 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Alaska Communications Systems Group, Inc. (“we”, “our”, “us”, the “Company” and “Alaska Communications”), a Delaware corporation, through its operating subsidiaries, provides broadband telecommunication and managed information technology (“IT”) services to customers in the State of Alaska and beyond using its telecommunications network. The accompanying unaudited condensed consolidated financial statements represent the consolidated financial position, comprehensive income, stockholders’ equity and cash flows of Alaska Communications Systems Group, Inc. and the following wholly-owned subsidiaries: • Alaska Communications Systems Holdings, Inc. ("ACS Holdings") • Crest Communications Corporation • ACS of Alaska, LLC (“ACSAK”) • WCI Cable, Inc. • ACS of the Northland, LLC (“ACSN”) • WCIC Hillsboro, LLC • ACS of Fairbanks, LLC (“ACSF”) • Alaska Northstar Communications, LLC • ACS of Anchorage, LLC (“ACSA”) • WCI LightPoint, LLC • ACS Wireless, Inc. ("ACSW") • WorldNet Communications, Inc. • ACS Long Distance, LLC • Alaska Fiber Star, LLC • Alaska Communications Internet, LLC (“ACSI”) • TekMate, LLC • ACS Messaging, Inc. • ACS Cable Systems, LLC (“ACSC”) In addition to the wholly-owned subsidiaries, the Company has a fifty 3 Joint Venture Basis of Presentation The accompanying unaudited condensed consolidated financial statements and notes included in this Quarterly Report on Form 10 10 December 31, 2018. not See Note 10 Leases The Company consolidates the financial results of the AQ-JV based on its determination that, for accounting purposes, it holds a controlling financial interest in the joint venture and is the primary beneficiary of this variable interest entity. The Company has accounted for and reported QHL’s fifty In the opinion of management, the unaudited condensed consolidated financial statements contain all normal, recurring adjustments necessary to present fairly the consolidated financial position, comprehensive income, stockholders’ equity and cash flows for all periods presented. Comprehensive income for the three six June 30, 2019, not December 31, 2018 not Employee Termination Benefits In the second 2019, $1,595 June 30, 2019. 712, Compensation – Nonretirement Postemployment Benefits December 31, 2019, $1,267 third 2019 fourth 2019 2020 2021. 718, Compensation – Stock Compensation 12 Stock Incentive Plans Share Repurchase Prog r am In the second 2017, may $10,000 March 13, 2017 December 31, 2019. may 10b5 1 As of June 30, 2019, 118,825 $1.72 $205. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and the accompanying notes, including estimates of operating revenues, probable losses and expenses. Actual results could differ materially from those estimates. Recently Adopted Accounting Pronouncements Effective January 1, 2019, 842, Leases 842” 2019 not 842 $82,020 not 842 not 10 Leases 842. Effective January 1, 2019, No. 2017 12, Derivatives and Hedging (Topic 815 , Targeted Improvements to Accounting for Hedging Activities 2017 12” 2017 12 not 4 2017 12. Effective January 1, 2019, No. 2018 16, Derivatives and Hedging (Topic 815 2018 16” 2018 16 2017 12. 2018 16 not Accounting Pronouncements Issued Not In June 2016, No. 2016 13, “Financial Instruments – Credit Losses (Topic 326 , Meas urement of Credit Losses on Financial Instruments” 2016 13” 2016 13, 2016 13 December 15, 2019. 2016 13 In August 2018, No. 2018 13, Fair Value Measurement (Topic 820 2018 13” 2018 13 1 2 3 3 3 2018 13 December 15, 2019 2018 13 not In August 2018, No. 2018 14, Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715 20 2018 14” 2018 14 2018 14 2018 14 December 15, 2020 2018 14 In August 2018, No. 2018 15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350 40 2018 15” 2018 15 2018 15 December 15, 2019 2018 15 |
Note 2 - Revenue Recognition
Note 2 - Revenue Recognition | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 2. REVENUE RECOGNITION Revenue Recognition Policies Revenue Accounted for in Accordance with ASC 606 , “Revenue from Contracts with Customers” (“ASC 606” At contract inception, the Company assesses the goods and services promised to the customer and identifies the performance obligation for each promise to transfer a good or service that is distinct. The Company considers all obligations whether they are explicitly stated in the contract or are implied by customary business practices. The Company’s broadband and voice revenue includes service, installation and equipment charges. Managed IT revenues include the sale, configuration and installation of equipment and the subsequent provision of ongoing IT services. The Company enters into contracts with its rural health care customers and is subject to various regulatory requirements associated with the provision of these services. Revenues associated with rural health care customers are recognized based on the amount the Company expects to collect as evidenced in its contract with the customer and the Company’s and customer’s agreement with the Federal Communications Commission (“FCC”) as the relevant service is provided. Regulatory access revenue includes (i) special access, which is primarily access to dedicated circuits sold to wholesale customers, substantially all of which is generated from interstate services; and (ii) cellular access, which is the transport of tariffed local network services between switches for cellular companies based on individually negotiated contracts. Regulatory access revenue is recognized as the service is provided to the customer. Revenue Accounted for in Accordance with Other Guidance Deferred revenue capacity liabilities are established for indefeasible rights of use (“IRUs”) on the Company’s network provided to third Disaggregation of Revenue The following tables provide the Company’s revenue disaggregated on the basis of its primary markets, customers, products and services for the three six June 30, 2019 2018: Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Business and Wholesale Revenue Business broadband $ 15,378 $ - $ 15,378 $ 30,586 $ - $ 30,586 Business voice and other 6,953 - 6,953 13,657 - 13,657 Managed IT services 1,517 - 1,517 3,176 - 3,176 Equipment sales and installations 1,008 - 1,008 1,888 - 1,888 Wholesale broadband 8,720 - 8,720 17,271 - 17,271 Wholesale voice and other 1,392 - 1,392 2,818 - 2,818 Operating leases and other deferred revenue - 2,070 2,070 - 4,137 4,137 Total Business and Wholesale Revenue 34,968 2,070 37,038 69,396 4,137 73,533 Consumer Revenue Broadband 6,694 - 6,694 13,162 - 13,162 Voice and other 2,647 - 2,647 5,380 - 5,380 Total Consumer Revenue 9,341 - 9,341 18,542 - 18,542 Regulatory Revenue Access (1) 4,919 - 4,919 10,035 - 10,035 Access (2) - 1,174 1,174 - 2,347 2,347 High-cost support - 4,923 4,923 - 9,847 9,847 Total Regulatory Revenue 4,919 6,097 11,016 10,035 12,194 22,229 Total Revenue $ 49,228 $ 8,167 $ 57,395 $ 97,973 $ 16,331 $ 114,304 Three Months Ended Six Months Ended June 30, 2018 June 30, 2018 Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Business and Wholesale Revenue Business broadband $ 16,950 $ - $ 16,950 $ 30,550 $ - $ 30,550 Business voice and other 7,038 - 7,038 13,889 - 13,889 Managed IT services 1,191 - 1,191 2,456 - 2,456 Equipment sales and installations 1,460 - 1,460 2,382 - 2,382 Wholesale broadband 7,795 - 7,795 15,851 - 15,851 Wholesale voice and other 1,442 - 1,442 2,930 - 2,930 Operating leases and other deferred revenue - 1,602 1,602 - 3,183 3,183 Total Business and Wholesale Revenue 35,876 1,602 37,478 68,058 3,183 71,241 Consumer Revenue Broadband 6,695 - 6,695 13,187 - 13,187 Voice and other 2,759 - 2,759 5,636 - 5,636 Total Consumer Revenue 9,454 - 9,454 18,823 - 18,823 Regulatory Revenue Access (1) 6,052 - 6,052 12,259 - 12,259 Access (2) - 1,670 1,670 - 3,380 3,380 High-cost support - 4,924 4,924 - 9,847 9,847 Total Regulatory Revenue 6,052 6,594 12,646 12,259 13,227 25,486 Total Revenue $ 51,382 $ 8,196 $ 59,578 $ 99,140 $ 16,410 $ 115,550 ( 1 ( 2 Business broadband revenue includes revenue associated with rural health care customers. Consumer voice and other revenue includes revenue associated with the FCC’s Lifeline program. Timing of Revenue Recognition Revenue accounted for in accordance with ASC 606 three six June 30, 2019 2018: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Services transferred over time $ 43,301 $ 43,870 $ 86,050 $ 84,499 Goods transferred at a point in time 1,008 1,460 1,888 2,382 Regulatory access revenue (1) 4,919 6,052 10,035 12,259 Total revenue $ 49,228 $ 51,382 $ 97,973 $ 99,140 ( 1 Includes customer ordered service and special access. Transaction Price Allocated to Remaining Performance Obligations The aggregate amount of the transaction price allocated to the remaining performance obligations for contracts with customers that are unsatisfied, or partially unsatisfied, accounted for in accordance with ASC 606 $96,897 June 30, 2019. $1,476 twelve $95,421 one ten not Contract Assets and Liabilities The Company incurs certain incremental costs to obtain contracts that it expects to recover. These costs consist primarily of sales commissions and other directly related incentive compensation payments (reported as contract additions in the table below) which are dependent upon, and paid upon, successfully entering into individual customer contracts. The table below provides a reconciliation of the contract assets associated with contracts with customers accounted for in accordance with ASC 606 six June 30, 2019. not six June 30, 2019. Balance at January 1 $ 8,052 Contract additions 1,600 Amortization (1,910 ) Balance at June 30 $ 7,742 The Company recorded a credit to the provision for uncollectible accounts receivable of $32 six June 30, 2019 5 Accounts Receivable The table below provides a reconciliation of the contract liabilities associated with contracts with customers accounted for in accordance with ASC 606 six June 30, 2019. Balance at January 1 $ 2,766 Contract additions 1,174 Revenue recognized (525 ) Balance at June 30 $ 3,415 |
Note 3 - Joint Venture
Note 3 - Joint Venture | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Variable Interest Entity Disclosure [Text Block] | 3 . JOINT VENTURE The table below provides certain financial information about the AQ-JV included on the Company’s consolidated balance sheet at June 30, 2019 December 31, 2018. may not not 2019 2018 Cash $ 270 $ 270 Property, plant and equipment, net of accumulated depreciation of $359 and $309 $ 1,782 $ 1,832 The operating results and cash flows of the joint venture in the three six 2019 2018 not |
Note 4 - Fair Value Measurement
Note 4 - Fair Value Measurements and Derivative Financial Instruments | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Derivatives and Fair Value [Text Block] | 4 . FAIR VALUE MEASUREMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS Fair Value Measurements The Company has developed valuation techniques based upon observable and unobservable inputs to calculate the fair value of non-current monetary assets and liabilities. Observable inputs reflect market data obtained from independent sources and unobservable inputs reflect internal market assumptions. These two ● Level 1 ● Level 2 not ● Level 3 Financial assets and liabilities are classified within the fair value hierarchy in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company’s assessment of the significance of a particular input to the fair value measurements requires judgment and may The fair values of cash equivalents, restricted cash, other short-term monetary assets and liabilities and financing leases approximate carrying values due to their nature. The carrying values of the Company’s senior credit facilities and other long-term obligations of $180,166 $172,494 June 30, 2019 December 31, 2018, 2019 2 The following table presents the Company’s financial assets measured at fair value on a recurring basis as of June 30, 2019 December 31, 2018, no 1 2 first six 2019: June 30, 2019 December 31, 2018 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Other assets: Interest rate swaps $ 40 $ - $ 40 $ - $ 458 $ - $ 458 $ - Derivative Financial Instruments The Company currently uses interest rate swaps to manage variable interest rate risk. At low LIBOR rates, payments under the swaps increase the Company’s cash interest expense, and at high LIBOR rates, they have the opposite effect. The outstanding amount of the swaps as of a period end are reported on the balance sheet at fair value, represented by the estimated amount the Company would receive or pay to terminate the swaps. They are valued using models based on readily observable market parameters for all substantial terms of the contracts and are classified within Level 2 Under the terms of the 2019 $90,000 two 2017, 2017 $90,000, 6.49425%, 5.0% June 28, 2019 . 2017 January 15, 2019, 2019 June 28, 2019. June 28, 2019, two $67,500, 6.1735% 4.5% June 30, 2022 8 Long-Term Obligations 11 Accumulated Other Comprehensive Loss . The following table presents the notional amount, fair value and balance sheet classification of the Company’s derivative financial instruments designated as cash flow hedges as of June 30, 2019 December, 31, 2018. June 30, 2019 Notional Fair Balance Sheet Location Amount Value At June 30, 2019: Interest rate swaps Other assets $ 135,000 $ 40 At December 31, 2018: Interest rate swaps Other assets $ 90,000 $ 458 The following table presents gains before income taxes on the Company’s interest rate swaps designated as a cash flow hedge for the three six June 30, 2019 2018. Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Gain recognized in accumulated other comprehensive loss $ 47 $ 107 $ 34 $ 412 Gain reclassified from accumulated other comprehensive loss to income 224 97 451 122 The following table presents the effect of cash flow hedge accounting on the Company’s Statements of Comprehensive Income for the three six June 30, 2019 2018: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Recorded as Interest Expense: Hedged interest payments $ (1,603 ) $ (1,575 ) $ (3,197 ) $ (3,062 ) Gain on interest rate swap 224 97 451 122 |
Note 5 - Accounts Receivable
Note 5 - Accounts Receivable | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5. ACCOUNTS RECEIVABLE Accounts receivable, net, consists of the following at June 30, 2019 December 31, 2018: 2019 2018 Retail customers $ 16,838 $ 21,732 Wholesale carriers 5,831 9,315 Other 4,455 4,361 27,124 35,408 Less: allowance for doubtful accounts (4,653 ) (3,936 ) Accounts receivable, net $ 22,471 $ 31,472 The following table presents the activity in the allowance for doubtful accounts for the six June 30, 2019, 2019 Balance at January 1 $ 3,936 Provision for uncollectible accounts (32 ) Charged to other accounts 1,253 Deductions (504 ) Asset at June 30 $ 4,653 USAC has issued funding commitment letters for all of the Company’s rural health care customer applications for Funding Year 2018 July 1, 2018 June 30, 2019). $2,816 $8,122 June 30, 2019 December 31, 2018, |
Note 6 - Other Current Assets
Note 6 - Other Current Assets | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Other Current Assets [Text Block] | 6. OTHER CURRENT ASSETS Prepayments and other current assets consist of the following at June 30, 2019 December 31, 2018: 2019 2018 Income tax receivable $ 5,091 $ 5,087 Prepaid expense 2,948 3,878 Other 2,635 3,204 Total prepayments and other current assets $ 10,674 $ 12,169 |
Note 7 - Current Liabilities
Note 7 - Current Liabilities | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | 7 . CURRENT LIABILITIES Accounts payable, accrued and other current liabilities consist of the following at June 30, 2019 December 31, 2018: 2019 2018 Accounts payable - trade $ 11,935 $ 14,627 Accrued payroll, benefits, and related liabilities 12,320 13,473 Deferred capacity and other revenue 7,170 6,095 Other 6,762 6,762 Total accounts payable, accrued and other current liabilities $ 38,187 $ 40,957 Advance billings and customer deposits consist of the following at June 30, 2019 December 31, 2018: 2019 2018 Advance billings $ 3,774 $ 3,992 Customer deposits 32 32 Total advance billings and customer deposits $ 3,806 $ 4,024 |
Note 8 - Long-term Obligations
Note 8 - Long-term Obligations | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | 8 . LONG-TERM OBLIGATIONS Long-term obligations consist of the following at June 30, 2019 December 31, 2018: 2019 2018 2019 senior secured credit facility due 2024 $ 180,000 $ - Debt discount (2,585 ) - Debt issuance costs (2,121 ) - 2017 senior secured credit facility due 2023 - 171,750 Debt discount - (2,024 ) Debt issuance costs - (2,182 ) Capital leases and other long-term obligations 2,751 2,768 Total long-term obligations 178,045 170,312 Less current portion (4,546 ) (2,289 ) Long-term obligations, net of current portion $ 173,499 $ 168,023 As of June 30, 2019, 2019 (July 1 - December 31) $ 2,272 2020 (January 1 - December 31) 6,802 2021 (January 1 - December 31) 9,067 2022 (January 1 - December 31) 11,333 2023 (January 1 - December 31) 15,851 2024 (January 1 - December 31) 135,122 Thereafter 2,304 Total maturities of long-term obligations $ 182,751 2019 Senior Credit Facility On January 15, 2019, $180,000, not $20,000 not $25,000 “2019 $60,000 twelve January 15, 2019, $178,335, $1,665, 1 2 2017 $112,500 $59,250, $590, $2,216. 2017 January 15, 2019. 2019 $2,684 Amounts outstanding under the Initial Term A Facility, Revolving Facility, Delayed-Draw Facility and Incremental Term A Loans bear interest at LIBOR plus 4.5% may, 1.0% Principal payments on the Initial Term A Facility, Delayed-Draw A Facility and any amounts outstanding under the Incremental Term A Loans are due commencing in the third 2019 third 2019 second 2020 0.625% third 2020 second 2022 1.25% third 2022 second 2023 1.875% third 2023 fourth 2023 2.5% January 15, 2024. There were no June 30, 2019. The obligations under the 2019 The 2019 The 2019 Under the terms of the 2019 $90,000 two 2017 January 15, 2019, $90,000, 6.49425%, 5.0% June 28, 2019 2019 June 28, 2019, two $67,500, 6.1735% 4.5% June 30, 2022. 2017 On January 15, 2019, 2019 2017 $171,750. $2,830 third 6.25% 2018 On May 1, 2018, 6.25% $10,358, $10,044 $314. $10,044 $314. no |
Note 9 - Other Long-term Liabil
Note 9 - Other Long-term Liabilities | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block] | 9 . OTHER LONG-TERM LIABILITIES Other long-term liabilities, consisting primarily of deferred capacity and other revenue, was as follows at June 30, 2019 December 31, 2018: 2019 2018 Deferred GCI capacity revenue, net of current portion $ 30,080 $ 31,113 Other deferred IRU capacity revenue, net of current portion 24,554 25,732 Other deferred revenue, net of current portion 2,590 2,113 Other 9,591 8,869 Total other long-term liabilities $ 66,815 $ 67,827 |
Note 10 - Leases
Note 10 - Leases | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Operating and Finance Leases [Text Block] | 10. LEASES The Company adopted the provisions of ASC 842 first 2019 1 Summary of Significant Accounting Policies The Company applied the following practical expedients as provided for under ASC 842: (i) The determination of whether expired or existing contracts contain leases at the date of adoption was not (ii) The classification of existing or expired leases at the date of adoption was not (iii) The provisions of ASC 842 not 12 (iv) Non-lease components, which are not not two (v) Existing lease agreements were not (vi) Hindsight was applied to determine changes in lease terms and assess for the impairment of ROU assets. Lease Agreements Under Which the Company is the Lessee The Company enters into agreements for land, land easements, access rights, IRUs, co-located data centers, buildings, equipment, pole attachments and personal property. These assets are utilized in the provision of broadband and telecommunications services to the Company’s customers. An agreement is determined to be a lease if it coveys to the Company the right to control the use of an identified asset for a period of time in exchange for consideration. Control is defined as the Company having both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. This determination is made at contract inception. Operating leases are included in operating lease ROU assets and current and noncurrent operating lease liabilities on the consolidated balance sheet. Finance leases are included in property, plant and equipment and current portion of long-term obligations and long-term obligations on the consolidated balance sheet. ROU assets represent the Company’s right to use the underlying asset for the term of the operating lease and operating lease liabilities represent the Company’s obligation to make lease payments over the term of the lease. ROU assets and operating lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payments over the term of the lease. The terms of the Company’s leases are primarily fixed. A limited number of leases include a variable payment component based on a pre-determined percentage or index. Most of the Company’s lease agreements include extension options which vary between leases but are generally consistent with industry practice. Extension options are exercised as required to meet the Company’s service obligations and other business requirements. Extension options are included in the determination of the ROU asset if, at lease inception, it is reasonably certain that the option will be exercised. Certain leases include a provision for early termination, typically in return for an agreed amount of consideration. The terms of these provisions vary by contract. Upon the exercise of an early termination option, the ROU asset and associated liability are remeasured to reflect the present value of the revised cash flows. There were no six June 30, 2019. The Company’s operating and financing lease agreements do not no not The Company entered into additional operating lease commitments that had not June 30, 2019 $640. 2019 2020, 4 25 The discount rate applied to determine the present value of the future lease payments is based on the Company’s incremental borrowing rate which is derived from recent secured borrowing arrangements entered into by the Company and publicly available information for instruments with similar terms. The Company did not six June 30, 2019. The following tables provide certain quantitative information about the Company’s lease agreements under which it is the lessee as of and for the three six June 30, 2019. twelve July 1, 2019. Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Lease Cost Finance lease cost: Amortization of right-of-use assets $ 19 $ 39 Interest on lease liabilities 68 136 Operating lease costs 1,955 3,910 Total lease cost $ 2,042 $ 4,085 At June 30, 2019 Balance Sheet Information Operating leases: ROU assets $ 80,458 Liabilities - current $ 2,517 Liabilities - noncurrent 77,937 Total liabilities $ 80,454 Finance leases: Property, plant and equipment $ 2,519 Accumulated depreciation and amortization (1,410 ) Property, plant and equipment, net $ 1,109 Current portion of long-term obligations $ 46 Long-term obligations, net of current portion 2,705 Total finance lease liabilities $ 2,751 At June 30, 2019 Operating Financing Leases Leases Maturities of Lease Liabilities Year 1 $ 7,058 $ 314 Year 2 7,392 322 Year 3 7,284 331 Year 4 7,151 341 Year 5 6,855 350 Thereafter 159,594 3,652 Total lease payments 195,334 5,310 Less imputed interest (115,494 ) (2,559 ) Total present value of lease obligations 79,840 2,751 Present value of current obligations (1,903 ) (46 ) Present value of long-term obligations $ 77,937 $ 2,705 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 136 Operating cash flows from operating leases 3,914 Financing cash flows from finance leases 18 Right-of-use assets obtained in exchange for new operating lease liabilities 243 Weighted-average remaining lease term (in years): Finance leases 14 Operating leases 30 Weighted-average discount rate: Finance leases 9.8 % Operating leases 6.9 % Lease Agreements Under Which the Company is the Lessor The Company’s agreements under which it is the lessor are primarily associated with the use of its network assets, including IRUs for fiber optic cable, colocation and buildings. An agreement is determined to be a lease if it coveys to the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. Control is defined as the lessee having both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. This determination is made at contract inception. Exchanges of IRUs with other carriers are accounted for as leases if the arrangement has commercial substance. All of the Company’s agreements under which it is the lessor have been determined to be operating leases. Lease payments are recognized as income on a straight-line basis over the term of the agreement, including scheduled changes in payments not Initial direct costs associated with the lease incurred by the Company are deferred and expensed over the term of the lease. Certain of the Company’s operating lease agreements include extension options which vary between leases but are generally consistent with industry practice. Extension options are not The Company’s operating leases do not Certain leases include a provision for early termination, typically in return for an agreed amount of consideration. The terms of these provisions vary by contract. Upon the exercise of an early termination option, any deferred rent receivable, deferred income and unamortized initial direct costs are written off. The underlying asset is assessed for impairment giving consideration to the Company’s ability to utilize the asset in its business. There were no six June 30, 2019. The Company does not The Company did not June 30, 2019. The underlying assets associated with the Company’s operating leases are accounted for under ASC 360, Property, Plant and Equipment. The Company’s operating lease agreements may The following tables provide certain quantitative information about the Company’s operating lease agreements under which it is the lessor as of and for the three six June 30, 2019. not Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Lease Income Total lease income $ 855 $ 1,716 At June, 30 2019 Maturities of Future Undiscounted Lease Payments Year 1 $ 1,130 Year 2 1,088 Year 3 625 Year 4 369 Year 5 365 Thereafter 2,928 Total future undiscounted lease payments $ 6,505 |
Note 11 - Accumulated Other Com
Note 11 - Accumulated Other Comprehensive Loss | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 11 . ACCUMULATED OTHER COMPR E HENSIVE LOSS The following table summarizes the activity in accumulated other comprehensive income (loss) for the six June 30, 2019: Defined Benefit Pension Interest Plan Rate Swaps Total Balance at December 31, 2018 $ (3,003 ) $ 328 $ (2,675 ) Other comprehensive income before reclassifications 28 24 52 Reclassifications from accumulated comprehensive income (loss) to net income 174 (323 ) (149 ) Net other comprehensive income (loss) 202 (299 ) (97 ) Balance at June 30, 2019 $ (2,801 ) $ 29 $ (2,772 ) The following table summarizes the reclassifications from accumulated other comprehensive loss to net income for the three six June 30, 2019 2018: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Amortization of defined benefit plan pension items: Amortization of loss $ 122 $ 91 $ 243 $ 182 Income tax effect (35 ) (26 ) (69 ) (52 ) After tax 87 65 174 130 Amortization of gain on interest rate swap: Reclassification to interest expense (224 ) (97 ) (451 ) (122 ) Income tax effect 64 28 128 35 After tax (160 ) (69 ) (323 ) (87 ) Total reclassifications, net of income tax $ (73 ) $ (4 ) $ (149 ) $ 43 Amounts reclassified to net income from our defined benefit pension plan and interest rate swaps have been presented within “Other income (expense), net” and “Interest expense,” twelve $252. 4 Fair Value Measurements and Derivative Financial Instruments |
Note 12 - Stock Incentive Plans
Note 12 - Stock Incentive Plans | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 12 . STOCK INCENTIVE PLANS Under the Company’s stock incentive plan, stock options, restricted stock, stock-settled stock appreciation rights, performance share units and other awards may 2010. 2011 On June 10, 2011, 2011 June 30, 2014 June 25, 2018, 2021. 2011 2011 2017 2018. Restricted Stock Units The Company measures the fair value of RSUs based on the number of shares granted and the quoted closing market price of the Company’s common stock on the date of grant. RSUs granted in 2018 three In the second 2019, 2017 2018 2020 2021 June 2019, $112 second The following table summarizes the RSU, LTIP and non-employee director stock compensation activity for the six June 30, 2019. Weighted Average Grant Date Number Fair of Units Value Nonvested at December 31, 2018 1,185 $ 1.88 Granted 171 1.65 Vested (768 ) 1.86 Canceled or expired (208 ) 1.96 Nonvested at June 30, 2019 380 $ 1.78 Performance Stock Units The PSUs granted in 2018 three The Company measured the fair value of the 2018 In the second 2019, 2017 2018 2019, 2020 2021 June 2019, $165 second The following table summarizes the PSU activity for the six June 30, 2019. Weighted Average Grant Date Number Fair of Units Value Nonvested at December 31, 2018 2,070 $ 0.85 Granted 779 0.28 Vested - - Canceled or expired (1,318 ) 0.91 Nonvested at June 30, 2019 1,531 $ 0.51 The following table provides selected information about the Company’s share-based compensation as of and for the three six June 30, 2019 2018: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Total compensation cost for share-based payments $ (9 ) $ 325 $ 489 $ 567 Weighted average grant-date fair value of equity instruments granted (per share) $ 0.53 $ 1.75 $ 0.53 $ 1.76 Total fair value of shares vested during the period $ 436 $ - $ 1,427 $ 1,524 At June 30: Unamortized share-based payments $ 293 $ 1,315 Weighted average period (in years) to be recognized as expense 0.9 1.3 |
Note 13 - Earnings Per Share
Note 13 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 1 3 . EARNINGS PER SHARE Earnings per share are based on the weighted average number of shares of common stock and dilutive potential common share equivalents outstanding. Basic earnings per share assumes no Effective in 2015, 322 648 6.25% three six June 30, 2018. May 1, 2018, 6.25% 8 Long-Term Obligations The calculation of basic and diluted earnings per share for the three six June 30, 2019 2018 Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Net income attributable to Alaska Communications $ 35 $ 3,442 $ 262 $ 5,543 Weighted average common shares outstanding: Basic shares 53,799 53,111 53,591 52,897 Effect of stock-based compensation 770 777 1,008 932 Diluted shares 54,569 53,888 54,599 53,829 Net income per share attributable to Alaska Communications: Basic $ 0.00 $ 0.06 $ 0.00 $ 0.10 Diluted $ 0.00 $ 0.06 $ 0.00 $ 0.10 |
Note 14 - Retirement Plans
Note 14 - Retirement Plans | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 1 4 . RETIREMENT PLANS Multi-employer Defined Benefit Plan Pension benefits for substantially all of the Company’s Alaska-based employees are provided through the Alaska Electrical Pension Fund (“AEPF”). The Company pays a contractual hourly amount based on employee classification or base compensation to the AEPF. As a multi-employer defined benefit plan, the accumulated benefits and plan assets are not not Defined Benefit Plan The Company has a separate defined benefit plan that covers certain employees previously employed by Century Telephone Enterprise, Inc. (“CenturyTel Plan”). This plan was transferred to the Company in connection with the acquisition of CenturyTel, Inc.’s Alaska properties, whereby assets and liabilities of the CenturyTel Plan were transferred to the ACS Retirement Plan on September 1, 1999. June 30, 2019, not 1974, The following table presents the net periodic pension expense for the ACS Retirement Plan for the three six June 30, 2019 2018: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Interest cost $ 150 $ 141 $ 300 $ 282 Expected return on plan assets (169 ) (198 ) (339 ) (396 ) Amortization of loss 141 148 282 296 Net periodic pension expense $ 122 $ 91 $ 243 $ 182 Net periodic pension expense is included in the line item “Other (expense) income, net” in the Statements of Comprehensive Income. |
Note 15 - Supplemental Cash Flo
Note 15 - Supplemental Cash Flow Information | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 1 5 . SUPPLEMENTAL CASH FLOW INFORMATION Restricted cash of $1,631 June 30, 2019 $1,600 $31. $1,634 December 31, 2018 $1,600 $34. The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the statement of financial position at June 30, 2019 2018 June 30, 2019 2018 Cash and cash equivalents $ 23,920 $ 10,388 Restricted cash 1,631 1,769 Total cash, cash equivalents and restricted cash $ 25,551 $ 12,157 The following table presents supplemental non-cash transaction information for the six June 30, 2019 2018: 2019 2018 Supplemental Non-cash Transactions: Capital expenditures incurred but not paid at June 30 $ 4,488 $ 3,520 Additions to ARO asset $ 25 $ 708 Unsettled share repurchases $ 56 $ - |
Note 16 - Business Segments
Note 16 - Business Segments | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 1 6 . BUSINESS SEGMENTS The Company operates its business under a single reportable segment. The Company’s chief operating decision maker assesses the financial performance of the business as follows: (i) revenues are managed on the basis of specific customers and customer groups; (ii) costs are managed and assessed by function and generally support the organization across all customer groups or revenue streams; (iii) profitability is assessed at the consolidated level; and (iv) investment decisions and the assessment of existing assets are based on the support they provide to all revenue streams. |
Note 17 - Commitments and Conti
Note 17 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 1 7 . COMMITMENTS AND CONTINGENCIES The Company enters into purchase commitments with vendors in the ordinary course of business, including minimum purchase agreements. The Company also has long-term purchase contracts with vendors to support the on-going needs of its business. These purchase commitments and contracts have varying terms and in certain cases may The Company is involved in various claims, legal actions and regulatory proceedings arising in the ordinary course of business. The Company establishes an accrual when a particular contingency is probable and estimable, and has recorded litigation accruals totaling $1,516 June 30, 2019 not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited condensed consolidated financial statements and notes included in this Quarterly Report on Form 10 10 December 31, 2018. not See Note 10 Leases The Company consolidates the financial results of the AQ-JV based on its determination that, for accounting purposes, it holds a controlling financial interest in the joint venture and is the primary beneficiary of this variable interest entity. The Company has accounted for and reported QHL’s fifty In the opinion of management, the unaudited condensed consolidated financial statements contain all normal, recurring adjustments necessary to present fairly the consolidated financial position, comprehensive income, stockholders’ equity and cash flows for all periods presented. Comprehensive income for the three six June 30, 2019, not December 31, 2018 not |
Postemployment Benefit Plans, Policy [Policy Text Block] | Employee Termination Benefits In the second 2019, $1,595 June 30, 2019. 712, Compensation – Nonretirement Postemployment Benefits December 31, 2019, $1,267 third 2019 fourth 2019 2020 2021. 718, Compensation – Stock Compensation 12 Stock Incentive Plans |
Share Repurchase Program [Policy Text Block] | Share Repurchase Prog r am In the second 2017, may $10,000 March 13, 2017 December 31, 2019. may 10b5 1 As of June 30, 2019, 118,825 $1.72 $205. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and the accompanying notes, including estimates of operating revenues, probable losses and expenses. Actual results could differ materially from those estimates. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted Accounting Pronouncements Effective January 1, 2019, 842, Leases 842” 2019 not 842 $82,020 not 842 not 10 Leases 842. Effective January 1, 2019, No. 2017 12, Derivatives and Hedging (Topic 815 , Targeted Improvements to Accounting for Hedging Activities 2017 12” 2017 12 not 4 2017 12. Effective January 1, 2019, No. 2018 16, Derivatives and Hedging (Topic 815 2018 16” 2018 16 2017 12. 2018 16 not Accounting Pronouncements Issued Not In June 2016, No. 2016 13, “Financial Instruments – Credit Losses (Topic 326 , Meas urement of Credit Losses on Financial Instruments” 2016 13” 2016 13, 2016 13 December 15, 2019. 2016 13 In August 2018, No. 2018 13, Fair Value Measurement (Topic 820 2018 13” 2018 13 1 2 3 3 3 2018 13 December 15, 2019 2018 13 not In August 2018, No. 2018 14, Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715 20 2018 14” 2018 14 2018 14 2018 14 December 15, 2020 2018 14 In August 2018, No. 2018 15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350 40 2018 15” 2018 15 2018 15 December 15, 2019 2018 15 |
Note 2 - Revenue Recognition (T
Note 2 - Revenue Recognition (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Business and Wholesale Revenue Business broadband $ 15,378 $ - $ 15,378 $ 30,586 $ - $ 30,586 Business voice and other 6,953 - 6,953 13,657 - 13,657 Managed IT services 1,517 - 1,517 3,176 - 3,176 Equipment sales and installations 1,008 - 1,008 1,888 - 1,888 Wholesale broadband 8,720 - 8,720 17,271 - 17,271 Wholesale voice and other 1,392 - 1,392 2,818 - 2,818 Operating leases and other deferred revenue - 2,070 2,070 - 4,137 4,137 Total Business and Wholesale Revenue 34,968 2,070 37,038 69,396 4,137 73,533 Consumer Revenue Broadband 6,694 - 6,694 13,162 - 13,162 Voice and other 2,647 - 2,647 5,380 - 5,380 Total Consumer Revenue 9,341 - 9,341 18,542 - 18,542 Regulatory Revenue Access (1) 4,919 - 4,919 10,035 - 10,035 Access (2) - 1,174 1,174 - 2,347 2,347 High-cost support - 4,923 4,923 - 9,847 9,847 Total Regulatory Revenue 4,919 6,097 11,016 10,035 12,194 22,229 Total Revenue $ 49,228 $ 8,167 $ 57,395 $ 97,973 $ 16,331 $ 114,304 Three Months Ended Six Months Ended June 30, 2018 June 30, 2018 Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Business and Wholesale Revenue Business broadband $ 16,950 $ - $ 16,950 $ 30,550 $ - $ 30,550 Business voice and other 7,038 - 7,038 13,889 - 13,889 Managed IT services 1,191 - 1,191 2,456 - 2,456 Equipment sales and installations 1,460 - 1,460 2,382 - 2,382 Wholesale broadband 7,795 - 7,795 15,851 - 15,851 Wholesale voice and other 1,442 - 1,442 2,930 - 2,930 Operating leases and other deferred revenue - 1,602 1,602 - 3,183 3,183 Total Business and Wholesale Revenue 35,876 1,602 37,478 68,058 3,183 71,241 Consumer Revenue Broadband 6,695 - 6,695 13,187 - 13,187 Voice and other 2,759 - 2,759 5,636 - 5,636 Total Consumer Revenue 9,454 - 9,454 18,823 - 18,823 Regulatory Revenue Access (1) 6,052 - 6,052 12,259 - 12,259 Access (2) - 1,670 1,670 - 3,380 3,380 High-cost support - 4,924 4,924 - 9,847 9,847 Total Regulatory Revenue 6,052 6,594 12,646 12,259 13,227 25,486 Total Revenue $ 51,382 $ 8,196 $ 59,578 $ 99,140 $ 16,410 $ 115,550 |
Revenue Accounted for In Accordance with ASC 606, By Timing of Revenue Recognition [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Services transferred over time $ 43,301 $ 43,870 $ 86,050 $ 84,499 Goods transferred at a point in time 1,008 1,460 1,888 2,382 Regulatory access revenue (1) 4,919 6,052 10,035 12,259 Total revenue $ 49,228 $ 51,382 $ 97,973 $ 99,140 |
Contract with Customer, Asset and Liability [Table Text Block] | Balance at January 1 $ 8,052 Contract additions 1,600 Amortization (1,910 ) Balance at June 30 $ 7,742 Balance at January 1 $ 2,766 Contract additions 1,174 Revenue recognized (525 ) Balance at June 30 $ 3,415 |
Note 3 - Joint Venture (Tables)
Note 3 - Joint Venture (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Variable Interest Entities [Table Text Block] | 2019 2018 Cash $ 270 $ 270 Property, plant and equipment, net of accumulated depreciation of $359 and $309 $ 1,782 $ 1,832 |
Note 4 - Fair Value Measureme_2
Note 4 - Fair Value Measurements and Derivative Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | June 30, 2019 December 31, 2018 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Other assets: Interest rate swaps $ 40 $ - $ 40 $ - $ 458 $ - $ 458 $ - |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | Notional Fair Balance Sheet Location Amount Value At June 30, 2019: Interest rate swaps Other assets $ 135,000 $ 40 At December 31, 2018: Interest rate swaps Other assets $ 90,000 $ 458 |
Derivative Instruments, Gain (Loss) [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Gain recognized in accumulated other comprehensive loss $ 47 $ 107 $ 34 $ 412 Gain reclassified from accumulated other comprehensive loss to income 224 97 451 122 |
Effect of Cash Flow Hedge Accounting on the Statement of Operations [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Recorded as Interest Expense: Hedged interest payments $ (1,603 ) $ (1,575 ) $ (3,197 ) $ (3,062 ) Gain on interest rate swap 224 97 451 122 |
Note 5 - Accounts Receivable (T
Note 5 - Accounts Receivable (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2019 2018 Retail customers $ 16,838 $ 21,732 Wholesale carriers 5,831 9,315 Other 4,455 4,361 27,124 35,408 Less: allowance for doubtful accounts (4,653 ) (3,936 ) Accounts receivable, net $ 22,471 $ 31,472 |
Changes in the Allowance for Doubtful Accounts [Table Text Block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 10%; margin-left: 10%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019 </div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 81%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Balance at January 1</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,936</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Provision for uncollectible accounts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(32</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Charged to other accounts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,253</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deductions</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(504</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Asset at June 30</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,653</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div>" id="sjs-B5"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 10%; margin-left: 10%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019 </div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 81%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Balance at January 1</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,936</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Provision for uncollectible accounts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(32</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Charged to other accounts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,253</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deductions</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(504</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Asset at June 30</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,653</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div> |
Note 6 - Other Current Assets (
Note 6 - Other Current Assets (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Other Current Assets [Table Text Block] | 2019 2018 Income tax receivable $ 5,091 $ 5,087 Prepaid expense 2,948 3,878 Other 2,635 3,204 Total prepayments and other current assets $ 10,674 $ 12,169 |
Note 7 - Current Liabilities (T
Note 7 - Current Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | 2019 2018 Accounts payable - trade $ 11,935 $ 14,627 Accrued payroll, benefits, and related liabilities 12,320 13,473 Deferred capacity and other revenue 7,170 6,095 Other 6,762 6,762 Total accounts payable, accrued and other current liabilities $ 38,187 $ 40,957 |
Schedule of Advance Billing and Customer Deposits [Table Text Block] | 2019 2018 Advance billings $ 3,774 $ 3,992 Customer deposits 32 32 Total advance billings and customer deposits $ 3,806 $ 4,024 |
Note 8 - Long-term Obligations
Note 8 - Long-term Obligations (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | 2019 2018 2019 senior secured credit facility due 2024 $ 180,000 $ - Debt discount (2,585 ) - Debt issuance costs (2,121 ) - 2017 senior secured credit facility due 2023 - 171,750 Debt discount - (2,024 ) Debt issuance costs - (2,182 ) Capital leases and other long-term obligations 2,751 2,768 Total long-term obligations 178,045 170,312 Less current portion (4,546 ) (2,289 ) Long-term obligations, net of current portion $ 173,499 $ 168,023 |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2019 (July 1 - December 31) $ 2,272 2020 (January 1 - December 31) 6,802 2021 (January 1 - December 31) 9,067 2022 (January 1 - December 31) 11,333 2023 (January 1 - December 31) 15,851 2024 (January 1 - December 31) 135,122 Thereafter 2,304 Total maturities of long-term obligations $ 182,751 |
Note 9 - Other Long-term Liab_2
Note 9 - Other Long-term Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Other Noncurrent Liabilities [Table Text Block] | 2019 2018 Deferred GCI capacity revenue, net of current portion $ 30,080 $ 31,113 Other deferred IRU capacity revenue, net of current portion 24,554 25,732 Other deferred revenue, net of current portion 2,590 2,113 Other 9,591 8,869 Total other long-term liabilities $ 66,815 $ 67,827 |
Note 10 - Leases (Tables)
Note 10 - Leases (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Lease Cost Finance lease cost: Amortization of right-of-use assets $ 19 $ 39 Interest on lease liabilities 68 136 Operating lease costs 1,955 3,910 Total lease cost $ 2,042 $ 4,085 |
Lessee, Operating and Finance Leases, Balance Sheet Information [Table Text Block] | At June 30, 2019 Balance Sheet Information Operating leases: ROU assets $ 80,458 Liabilities - current $ 2,517 Liabilities - noncurrent 77,937 Total liabilities $ 80,454 Finance leases: Property, plant and equipment $ 2,519 Accumulated depreciation and amortization (1,410 ) Property, plant and equipment, net $ 1,109 Current portion of long-term obligations $ 46 Long-term obligations, net of current portion 2,705 Total finance lease liabilities $ 2,751 |
Lessee, Operating and Finance Leases, Liabilities, Maturity [Table Text Block] | At June 30, 2019 Operating Financing Leases Leases Maturities of Lease Liabilities Year 1 $ 7,058 $ 314 Year 2 7,392 322 Year 3 7,284 331 Year 4 7,151 341 Year 5 6,855 350 Thereafter 159,594 3,652 Total lease payments 195,334 5,310 Less imputed interest (115,494 ) (2,559 ) Total present value of lease obligations 79,840 2,751 Present value of current obligations (1,903 ) (46 ) Present value of long-term obligations $ 77,937 $ 2,705 |
Lessee, Operating and Finance Leases, Other Information [Table Text Block] | Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 136 Operating cash flows from operating leases 3,914 Financing cash flows from finance leases 18 Right-of-use assets obtained in exchange for new operating lease liabilities 243 Weighted-average remaining lease term (in years): Finance leases 14 Operating leases 30 Weighted-average discount rate: Finance leases 9.8 % Operating leases 6.9 % |
Operating Lease, Lease Income [Table Text Block] | Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Lease Income Total lease income $ 855 $ 1,716 |
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block] | At June, 30 2019 Maturities of Future Undiscounted Lease Payments Year 1 $ 1,130 Year 2 1,088 Year 3 625 Year 4 369 Year 5 365 Thereafter 2,928 Total future undiscounted lease payments $ 6,505 |
Note 11 - Accumulated Other C_2
Note 11 - Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Defined Benefit Pension Interest Plan Rate Swaps Total Balance at December 31, 2018 $ (3,003 ) $ 328 $ (2,675 ) Other comprehensive income before reclassifications 28 24 52 Reclassifications from accumulated comprehensive income (loss) to net income 174 (323 ) (149 ) Net other comprehensive income (loss) 202 (299 ) (97 ) Balance at June 30, 2019 $ (2,801 ) $ 29 $ (2,772 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Amortization of defined benefit plan pension items: Amortization of loss $ 122 $ 91 $ 243 $ 182 Income tax effect (35 ) (26 ) (69 ) (52 ) After tax 87 65 174 130 Amortization of gain on interest rate swap: Reclassification to interest expense (224 ) (97 ) (451 ) (122 ) Income tax effect 64 28 128 35 After tax (160 ) (69 ) (323 ) (87 ) Total reclassifications, net of income tax $ (73 ) $ (4 ) $ (149 ) $ 43 |
Note 12 - Stock Incentive Pla_2
Note 12 - Stock Incentive Plans (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Weighted Average Grant Date Number Fair of Units Value Nonvested at December 31, 2018 1,185 $ 1.88 Granted 171 1.65 Vested (768 ) 1.86 Canceled or expired (208 ) 1.96 Nonvested at June 30, 2019 380 $ 1.78 |
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | Weighted Average Grant Date Number Fair of Units Value Nonvested at December 31, 2018 2,070 $ 0.85 Granted 779 0.28 Vested - - Canceled or expired (1,318 ) 0.91 Nonvested at June 30, 2019 1,531 $ 0.51 |
Share-based Payment Arrangement, Activity [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Total compensation cost for share-based payments $ (9 ) $ 325 $ 489 $ 567 Weighted average grant-date fair value of equity instruments granted (per share) $ 0.53 $ 1.75 $ 0.53 $ 1.76 Total fair value of shares vested during the period $ 436 $ - $ 1,427 $ 1,524 At June 30: Unamortized share-based payments $ 293 $ 1,315 Weighted average period (in years) to be recognized as expense 0.9 1.3 |
Note 13 - Earnings Per Share (T
Note 13 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Net income attributable to Alaska Communications $ 35 $ 3,442 $ 262 $ 5,543 Weighted average common shares outstanding: Basic shares 53,799 53,111 53,591 52,897 Effect of stock-based compensation 770 777 1,008 932 Diluted shares 54,569 53,888 54,599 53,829 Net income per share attributable to Alaska Communications: Basic $ 0.00 $ 0.06 $ 0.00 $ 0.10 Diluted $ 0.00 $ 0.06 $ 0.00 $ 0.10 |
Note 14 - Retirement Plans (Tab
Note 14 - Retirement Plans (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Interest cost $ 150 $ 141 $ 300 $ 282 Expected return on plan assets (169 ) (198 ) (339 ) (396 ) Amortization of loss 141 148 282 296 Net periodic pension expense $ 122 $ 91 $ 243 $ 182 |
Note 15 - Supplemental Cash F_2
Note 15 - Supplemental Cash Flow Information (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Reconciliation of Cash, Cash Equivalents, and Restricted Cash [Table Text Block] | June 30, 2019 2018 Cash and cash equivalents $ 23,920 $ 10,388 Restricted cash 1,631 1,769 Total cash, cash equivalents and restricted cash $ 25,551 $ 12,157 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | 2019 2018 Supplemental Non-cash Transactions: Capital expenditures incurred but not paid at June 30 $ 4,488 $ 3,520 Additions to ARO asset $ 25 $ 708 Unsettled share repurchases $ 56 $ - |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Sep. 30, 2019 | Jun. 30, 2019 | Jun. 30, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Mar. 13, 2017 | |
Operating Lease, Right-of-Use Asset | $ 80,458 | $ 80,458 | ||||
Operating Lease, Liability, Total | 79,840 | $ 79,840 | ||||
Accounting Standards Update 2016-02 [Member] | ||||||
Operating Lease, Right-of-Use Asset | $ 82,020 | |||||
Operating Lease, Liability, Total | $ 82,020 | |||||
The 2017 Share Repurchase Program [Member] | ||||||
Stock Repurchase Program, Authorized Amount | $ 10,000 | |||||
Treasury Stock, Shares, Acquired | 118,825 | |||||
Treasury Stock Acquired, Average Cost Per Share | $ 1.72 | |||||
Treasury Stock, Value, Acquired, Cost Method | $ 205 | |||||
Chief Executive Officer [Member] | ||||||
Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits | $ 1,595 | |||||
Chief Executive Officer [Member] | Subsequent Event [Member] | ||||||
Payments for Postemployment Benefits | $ 1,267 | |||||
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | ||||||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 50.00% |
Note 2 - Revenue Recognition 1
Note 2 - Revenue Recognition 1 (Details Textual) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Revenue, Remaining Performance Obligation, Amount | $ 96,897 |
Contract with Customer, Provision for Uncollectible Accounts Receivable | $ 32 |
Note 2 - Revenue Recognition 2
Note 2 - Revenue Recognition 2 (Details Textual) $ in Thousands | Jun. 30, 2019USD ($) |
Revenue, Remaining Performance Obligation, Amount | $ 96,897 |
Equipment Delivery, Installation and Configuration [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01 | |
Revenue, Remaining Performance Obligation, Amount | $ 1,476 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Business Broad Band, Voice and Managed IT Services [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01 | |
Revenue, Remaining Performance Obligation, Amount | $ 95,421 |
Business Broad Band, Voice and Managed IT Services [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01 | Minimum [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Business Broad Band, Voice and Managed IT Services [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01 | Maximum [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 10 years |
Note 2 - Revenue Recognition -
Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Revenue Accounted for Under ASC 606 | $ 49,228 | $ 51,382 | $ 97,973 | $ 99,140 | |
Revenue Accounted for Under Other Guidance | 8,167 | 8,196 | 16,331 | 16,410 | |
Total Revenue | 57,395 | 59,578 | 114,304 | 115,550 | |
Business and Wholesale Revenue, Business Broadband [Member] | |||||
Revenue Accounted for Under ASC 606 | 15,378 | 16,950 | 30,586 | 30,550 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 15,378 | 16,950 | 30,586 | 30,550 | |
Business and Wholesale Revenue, Business Voice and Other [Member] | |||||
Revenue Accounted for Under ASC 606 | 6,953 | 7,038 | 13,657 | 13,889 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 6,953 | 7,038 | 13,657 | 13,889 | |
Business and Wholesale Revenue, Managed IT Services [Member] | |||||
Revenue Accounted for Under ASC 606 | 1,517 | 1,191 | 3,176 | 2,456 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 1,517 | 1,191 | 3,176 | 2,456 | |
Business and Wholesale Revenue, Equipment Sales and Installations [Member] | |||||
Revenue Accounted for Under ASC 606 | 1,008 | 1,460 | 1,888 | 2,382 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 1,008 | 1,460 | 1,888 | 2,382 | |
Business and Wholesale Revenue, Wholesale Broadband [Member] | |||||
Revenue Accounted for Under ASC 606 | 8,720 | 7,795 | 17,271 | 15,851 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 8,720 | 7,795 | 17,271 | 15,851 | |
Business and Wholesale Revenue, Wholesale Voice and Other [Member] | |||||
Revenue Accounted for Under ASC 606 | 1,392 | 1,442 | 2,818 | 2,930 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 1,392 | 1,442 | 2,818 | 2,930 | |
Business and Wholesale Revenue, Operating Leases and Other Deferred Revenue [Member] | |||||
Revenue Accounted for Under ASC 606 | |||||
Revenue Accounted for Under Other Guidance | 2,070 | 1,602 | 4,137 | 3,183 | |
Total Revenue | 2,070 | 1,602 | 4,137 | 3,183 | |
Business and Wholesale Revenue [Member] | |||||
Revenue Accounted for Under ASC 606 | 34,968 | 35,876 | 69,396 | 68,058 | |
Revenue Accounted for Under Other Guidance | 2,070 | 1,602 | 4,137 | 3,183 | |
Total Revenue | 37,038 | 37,478 | 73,533 | 71,241 | |
Consumer Revenue, Broadband [Member] | |||||
Revenue Accounted for Under ASC 606 | 6,694 | 6,695 | 13,162 | 13,187 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 6,694 | 6,695 | 13,162 | 13,187 | |
Consumer Revenue, Voice and Other [Member] | |||||
Revenue Accounted for Under ASC 606 | 2,647 | 2,759 | 5,380 | 5,636 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 2,647 | 2,759 | 5,380 | 5,636 | |
Consumer Revenue [Member] | |||||
Revenue Accounted for Under ASC 606 | 9,341 | 9,454 | 18,542 | 18,823 | |
Revenue Accounted for Under Other Guidance | |||||
Total Revenue | 9,341 | 9,454 | 18,542 | 18,823 | |
Regulatory Revenue, Access, Including Customer Ordered Service and Special Access [Member] | |||||
Revenue Accounted for Under ASC 606 | [1] | 4,919 | 6,052 | 10,035 | 12,259 |
Revenue Accounted for Under Other Guidance | [1] | ||||
Total Revenue | [1] | 4,919 | 6,052 | 10,035 | 12,259 |
Regulatory Revenue, Access, Including Carrier of Last Resort and Carrier Common Line [Member] | |||||
Revenue Accounted for Under ASC 606 | [2] | ||||
Revenue Accounted for Under Other Guidance | [2] | 1,174 | 1,670 | 2,347 | 3,380 |
Total Revenue | [2] | 1,174 | 1,670 | 2,347 | 3,380 |
Regulatory, High-cost Support [Member] | |||||
Revenue Accounted for Under ASC 606 | |||||
Revenue Accounted for Under Other Guidance | 4,923 | 4,924 | 9,847 | 9,847 | |
Total Revenue | 4,923 | 4,924 | 9,847 | 9,847 | |
Regulatory Revenue [Member] | |||||
Revenue Accounted for Under ASC 606 | 4,919 | 6,052 | 10,035 | 12,259 | |
Revenue Accounted for Under Other Guidance | 6,097 | 6,594 | 12,194 | 13,227 | |
Total Revenue | $ 11,016 | $ 12,646 | $ 22,229 | $ 25,486 | |
[1] | Includes customer ordered service and special access. | ||||
[2] | Includes carrier of last resort and carrier common line. |
Note 2 - Revenue Recognition _2
Note 2 - Revenue Recognition - Revenue Accounted for In Accordance With ASC 606, By Timing of Revenue Recognition (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Total revenue | $ 49,228 | $ 51,382 | $ 97,973 | $ 99,140 | |
Transferred over Time [Member] | |||||
Total revenue | 43,301 | 43,870 | 86,050 | 84,499 | |
Transferred at Point in Time [Member] | |||||
Total revenue | 1,008 | 1,460 | 1,888 | 2,382 | |
Regulatory Revenue, Access [Member] | |||||
Total revenue | [1] | $ 4,919 | $ 6,052 | $ 10,035 | $ 12,259 |
[1] | Includes customer ordered service and special access. |
Note 2 - Revenue Recognition _3
Note 2 - Revenue Recognition - Reconciliation of Contract Assets and Liabilities Associated With Contracts With Customers In Accordance With ASC 606 (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Balance | $ 8,052 |
Contract additions, contract assets | 1,600 |
Amortization, contract assets | (1,910) |
Balance | 7,742 |
Balance | 2,766 |
Contract additions, contract liabilities | 1,174 |
Revenue recognized, contract liabilities | (525) |
Balance | $ 3,415 |
Note 3 - Joint Venture - Certai
Note 3 - Joint Venture - Certain Financial Information About the Joint Venture Included On the Company's Consolidated Balance Sheet (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Property, plant and equipment, net of accumulated depreciation of $359 and $309 | $ 376,472 | $ 373,180 |
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | ||
Cash | 270 | 270 |
Property, plant and equipment, net of accumulated depreciation of $359 and $309 | $ 1,782 | $ 1,832 |
Note 3 - Joint Venture - Cert_2
Note 3 - Joint Venture - Certain Financial Information About the Joint Venture Included On the Company's Consolidated Balance Sheet (Details) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Property, plant and equipment, accumulated depreciation | $ 1,029,094 | $ 1,017,442 |
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | ||
Property, plant and equipment, accumulated depreciation | $ 359 | $ 309 |
Note 4 - Fair Value Measureme_3
Note 4 - Fair Value Measurements and Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands | Jun. 28, 2019 | Jun. 24, 2017 | Jun. 30, 2019 | Jan. 15, 2019 | Dec. 31, 2018 | Jun. 14, 2017 |
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | $ 0 | |||||
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount | 0 | |||||
Interest Rate Swap [Member] | ||||||
Derivative, Final Notional Amount | $ 67,500 | $ 90,000 | $ 90,000 | |||
Derivative, Fixed Interest Rate | 6.1735% | 6.49425% | 6.49425% | |||
Derivative, Maturity Date | Jun. 30, 2022 | Jun. 28, 2019 | ||||
Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Derivative, Basis Spread on Variable Rate | 4.50% | 5.00% | 5.00% | |||
Senior Credit Facilities and Other Long-Term Obligations [Member] | ||||||
Debt and Lease Obligation, Total | 180,166 | $ 172,494 | ||||
The 2019 Senior Credit Facility [Member] | ||||||
Debt Instrument Covenants, Minimum Borrowing | $ 90,000 | |||||
Weighted Average Life of Senior Credit Facility | 2 years |
Note 4 - Fair Value Measureme_4
Note 4 - Fair Value Measurements and Derivative Financial Instruments - Financial Liabilities Measured at Fair Value on Recurring Basis (Details) - Interest Rate Swap [Member] - Fair Value, Recurring [Member] - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Other assets | $ 40 | $ 458 |
Fair Value, Inputs, Level 1 [Member] | ||
Other assets | ||
Fair Value, Inputs, Level 2 [Member] | ||
Other assets | 40 | 458 |
Fair Value, Inputs, Level 3 [Member] | ||
Other assets |
Note 4 - Fair Value Measureme_5
Note 4 - Fair Value Measurements and Derivative Financial Instruments - Summary of Financial Instruments Designated as Cash Flow Hedges (Details) - Designated as Hedging Instrument [Member] - Interest Rate Swap [Member] - Other Assets [Member] - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Notional Amount | $ 135,000 | $ 90,000 |
Fair Value | $ 40 | $ 458 |
Note 4 - Fair Value Measureme_6
Note 4 - Fair Value Measurements and Derivative Financial Instruments - Summary of Gains and Losses Before Income Taxes on Interest Rate Swap Cash Flow Hedges (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Gain recognized in accumulated other comprehensive loss | $ 47 | $ 107 | $ 34 | $ 412 |
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ||||
Gain recognized in accumulated other comprehensive loss | 47 | 107 | 34 | 412 |
Gain reclassified from accumulated other comprehensive loss to income | $ 224 | $ 97 | $ 451 | $ 122 |
Note 4 - Fair Value Measureme_7
Note 4 - Fair Value Measurements and Derivative Financial Instruments - Effect of Cash Flow Hedge Accounting on the Company's Statement of Operations (Details) - Interest Expense [Member] - Designated as Hedging Instrument [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Hedged interest payments | $ (1,603) | $ (1,575) | $ (3,197) | $ (3,062) |
Interest Rate Swap [Member] | ||||
Gain on interest rate swap | $ 224 | $ 97 | $ 451 | $ 122 |
Note 5 - Accounts Receivable (D
Note 5 - Accounts Receivable (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Accounts Receivable, after Allowance for Credit Loss, Current, Total | $ 22,471 | $ 31,472 |
Rural Health Care Customers [Member] | ||
Accounts Receivable, after Allowance for Credit Loss, Current, Total | $ 2,816 | $ 8,122 |
Note 5 - Accounts Receivable -
Note 5 - Accounts Receivable - Summary of Accounts Receivable, Net (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Accounts receivable, gross | $ 27,124 | $ 35,408 |
Less: allowance for doubtful accounts | (4,653) | (3,936) |
Accounts receivable, net | 22,471 | 31,472 |
Retail Customers [Member] | ||
Accounts receivable, gross | 16,838 | 21,732 |
Wholesale Carriers [Member] | ||
Accounts receivable, gross | 5,831 | 9,315 |
Other [Member] | ||
Accounts receivable, gross | $ 4,455 | $ 4,361 |
Note 5 - Accounts Receivable _2
Note 5 - Accounts Receivable - Summary of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Balance | $ 3,936 | |
Provision for uncollectible accounts | (32) | $ 1,092 |
Charged to other accounts | 1,253 | |
Deductions | (504) | |
Balance | $ 4,653 |
Note 6 - Other Current Assets -
Note 6 - Other Current Assets - Prepayments and Other Current Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Income tax receivable | $ 5,091 | $ 5,087 |
Prepaid expense | 2,948 | 3,878 |
Other | 2,635 | 3,204 |
Total prepayments and other current assets | $ 10,674 | $ 12,169 |
Note 7 - Current Liabilities -
Note 7 - Current Liabilities - Summary of Accounts Receivable, Net (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Accounts payable - trade | $ 11,935 | $ 14,627 |
Accrued payroll, benefits, and related liabilities | 12,320 | 13,473 |
Deferred capacity and other revenue | 7,170 | 6,095 |
Other | 6,762 | 6,762 |
Total accounts payable, accrued and other current liabilities | $ 38,187 | $ 40,957 |
Note 7 - Current Liabilities _2
Note 7 - Current Liabilities - Summary of Advance Billings and Customer Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Advance billings | $ 3,774 | $ 3,992 |
Customer deposits | 32 | 32 |
Total advance billings and customer deposits | $ 3,806 | $ 4,024 |
Note 8 - Long-term Obligation_2
Note 8 - Long-term Obligations (Details Textual) - USD ($) $ in Thousands | Jun. 28, 2019 | Jan. 15, 2019 | May 01, 2018 | Jun. 24, 2017 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2023 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2023 | Jun. 30, 2020 | Jun. 30, 2022 | Dec. 31, 2018 | Jun. 14, 2017 |
Repayments of Long-term Debt, Total | $ 171,768 | $ 20,506 | ||||||||||||
Gain (Loss) on Extinguishment of Debt, Total | $ (31) | (2,830) | ||||||||||||
Interest Rate Swap [Member] | ||||||||||||||
Derivative, Final Notional Amount | $ 67,500 | $ 90,000 | $ 90,000 | |||||||||||
Derivative, Fixed Interest Rate | 6.1735% | 6.49425% | 6.49425% | |||||||||||
Derivative, Maturity Date | Jun. 30, 2022 | Jun. 28, 2019 | ||||||||||||
London Interbank Offered Rate (LIBOR) [Member] | Interest Rate Swap [Member] | ||||||||||||||
Derivative, Basis Spread on Variable Rate | 4.50% | 5.00% | 5.00% | |||||||||||
The 2019 Senior Credit Facility [Member] | ||||||||||||||
Debt Instrument, Unamortized Discount, Total | 2,585 | 2,585 | ||||||||||||
Debt Issuance Costs, Gross | $ 2,684 | |||||||||||||
Debt Agreement, Alternate Base Rate, Percentage Lower Than LIBOR Margin | 1.00% | |||||||||||||
Debt Instrument Covenants, Minimum Borrowing | 90,000 | $ 90,000 | ||||||||||||
Weighted Average Life of Senior Credit Facility | 2 years | |||||||||||||
The 2019 Senior Credit Facility [Member] | Forecast [Member] | ||||||||||||||
Long-term Debt, Maturities, Repayments of Principal, Percentage Per Quarter | 2.50% | 1.875% | 0.625% | 1.25% | ||||||||||
The 2019 Senior Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 4.50% | |||||||||||||
The 2019 Senior Credit Facility [Member] | Initial Term A Facility [Member] | ||||||||||||||
Debt Instrument, Face Amount | $ 180,000 | |||||||||||||
The 2019 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | ||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 20,000 | |||||||||||||
Long-term Line of Credit, Total | 0 | $ 0 | ||||||||||||
The 2019 Senior Credit Facility [Member] | Delayed-Draw Term A Facility [Member] | ||||||||||||||
Debt Agreement, Maximum Borrowing Capacity | 25,000 | |||||||||||||
Long-term Line of Credit, Total | 0 | 0 | ||||||||||||
The 2019 Senior Credit Facility [Member] | Incremental Term A Loans [Member] | ||||||||||||||
Debt Agreement, Minimum Incremental Borrowing Capacity | 60,000 | |||||||||||||
Proceeds from Issuance of Long-term Debt, Net of Discounts | 178,335 | |||||||||||||
Debt Instrument, Unamortized Discount, Total | 1,665 | |||||||||||||
Long-term Debt, Gross | 0 | 0 | ||||||||||||
The 2017 Senior Credit Facility [Member] | ||||||||||||||
Debt Instrument, Unamortized Discount, Total | $ 2,024 | |||||||||||||
Interest Paid, Including Capitalized Interest, Operating and Investing Activities, Total | 590 | |||||||||||||
Payments of Debt Issuance Costs | 2,216 | |||||||||||||
Repayments of Senior Debt, Total | 171,750 | |||||||||||||
Gain (Loss) on Extinguishment of Debt, Total | 2,830 | |||||||||||||
The 2017 Senior Credit Facility [Member] | Term A-1 Facility [Member] | ||||||||||||||
Repayments of Long-term Debt, Total | 112,500 | |||||||||||||
The 2017 Senior Credit Facility [Member] | Term A-2 Facility [Member] | ||||||||||||||
Repayments of Long-term Debt, Total | $ 59,250 | |||||||||||||
6.25% Convertible Notes Due 2018 [Member] | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | |||||||||||||
Debt Instrument, Repurchase Amount | $ 10,358 | |||||||||||||
Debt Instrument, Repurchased Face Amount | 10,044 | |||||||||||||
Debt Instrument, Repurchase Amount, Accrued Interest | 314 | |||||||||||||
Gain (Loss) on Repurchase of Debt Instrument | 0 | |||||||||||||
6.25% Convertible Notes Due 2018 Repurchased Utilizing Restricted Cash [Member] | ||||||||||||||
Debt Instrument, Repurchase Amount | 10,044 | |||||||||||||
6.25% Convertible Notes Due 2018 Repurchased Utilizing Cash On Hand [Member] | ||||||||||||||
Debt Instrument, Repurchase Amount | $ 314 |
Note 8 - Long-term Obligation_3
Note 8 - Long-term Obligations - Summary of Long-term Obligations (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Capital leases and other long-term obligations | $ 2,751 | $ 2,768 |
Total long-term obligations | 178,045 | 170,312 |
Less current portion | (4,546) | (2,289) |
Long-term obligations, net of current portion | 173,499 | 168,023 |
The 2019 Senior Credit Facility [Member] | ||
Long-term obligations | 180,000 | |
Debt discount | (2,585) | |
Debt issuance costs | (2,121) | |
The 2017 Senior Credit Facility [Member] | ||
Long-term obligations | 171,750 | |
Debt discount | (2,024) | |
Debt issuance costs | $ (2,182) |
Note 8 - Long-term Obligation_4
Note 8 - Long-term Obligations - Summary of Aggregate Maturities of Long-term Obligations (Details) $ in Thousands | Jun. 30, 2019USD ($) |
2019 (July 1 - December 31) | $ 2,272 |
2020 (January 1 - December 31) | 6,802 |
2021 (January 1 - December 31) | 9,067 |
2022 (January 1 - December 31) | 11,333 |
2023 (January 1 - December 31) | 15,851 |
2024 (January 1 - December 31) | 135,122 |
Thereafter | 2,304 |
Total maturities of long-term obligations | $ 182,751 |
Note 9 - Other Long-term Liab_3
Note 9 - Other Long-term Liabilities - Summary of Other Long-term Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Other | $ 9,591 | $ 8,869 |
Total other long-term liabilities | 66,815 | 67,827 |
GCI [Member] | ||
Deferred revenue, noncurrent | 30,080 | 31,113 |
IRU [Member] | ||
Deferred revenue, noncurrent | 24,554 | 25,732 |
Service, Other [Member] | ||
Deferred revenue, noncurrent | $ 2,590 | $ 2,113 |
Note 10 - Leases (Details Textu
Note 10 - Leases (Details Textual) $ in Thousands | Jun. 30, 2019USD ($) |
Lessee, Operating Lease, Lease Not yet Commenced, Present Value | $ 640 |
Minimum [Member] | |
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract | 4 years |
Maximum [Member] | |
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract | 25 years |
Note 10 - Leases - Lease Cost (
Note 10 - Leases - Lease Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019 | Jun. 30, 2019 | |
Finance lease cost: | ||
Amortization of right-of-use assets | $ 19 | $ 39 |
Interest on lease liabilities | 68 | 136 |
Operating lease costs | 1,955 | 3,910 |
Total lease cost | $ 2,042 | $ 4,085 |
Note 10 - Leases - Balance Shee
Note 10 - Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Operating leases: | ||
Operating lease right of use assets | $ 80,458 | |
Operating lease liabilities - current | 2,517 | |
Operating lease liabilities - noncurrent | 77,937 | |
Total liabilities | 80,454 | |
Finance leases: | ||
Finance leases, liability, current | 46 | |
Finance leases, liability, noncurrent | 2,705 | |
Total finance lease liabilities | 2,751 | |
Property, Plant and Equipment [Member] | ||
Finance leases: | ||
Finance leases, assets | 2,519 | |
Accumulated Depreciation and Amortization [Member] | ||
Finance leases: | ||
Finance leases, assets, depreciation and amortization | (1,410) | |
Property, Plant and Equipment, Net [Member] | ||
Finance leases: | ||
Finance leases, assets | 1,109 | |
Current Portion of Long-term Obligations [Member] | ||
Finance leases: | ||
Finance leases, liability, current | 46 | |
Long-term Obligations, Net of Current Portion [Member] | ||
Finance leases: | ||
Finance leases, liability, noncurrent | $ 2,705 |
Note 10 - Leases - Maturities o
Note 10 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands | Jun. 30, 2019USD ($) |
Year 1, operating leases | $ 7,058 |
Year 1, financing leases | 314 |
Year 2, operating leases | 7,392 |
Year 2, financing leases | 322 |
Year 3, operating leases | 7,284 |
Year 3, financing leases | 331 |
Year 4, operating leases | 7,151 |
Year 4, financing leases | 341 |
Year 5, operating leases | 6,855 |
Year 5, financing leases | 350 |
2024 and thereafter, operating leases | 159,594 |
2024 and thereafter, financing leases | 3,652 |
Total lease payments, operating leases | 195,334 |
Total lease payments, financing leases | 5,310 |
Less imputed interest, operating leases | (115,494) |
Less imputed interest, financing leases | (2,559) |
Total present value of lease obligations, operating leases | 79,840 |
Total present value of lease obligations, financing leases | 2,751 |
Present value of current obligations, operating leases | (1,903) |
Present value of current obligations, financing leases | (46) |
Present value of long-term obligations, operating leases | 77,937 |
Present value of long-term obligations, financing leases | $ 2,705 |
Note 10 - Leases - Other Inform
Note 10 - Leases - Other Information (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Cash paid for amounts included in the measurement of lease liabilities: | |
Operating cash flows from finance leases | $ 136 |
Operating cash flows from operating leases | 3,914 |
Financing cash flows from finance leases | 18 |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ 243 |
Weighted-average remaining lease term (in years): | |
Finance leases (Year) | 14 years |
Operating leases (Year) | 30 years |
Weighted-average discount rate: | |
Finance leases | 9.80% |
Operating leases | 6.90% |
Note 10 - Leases - Lease Income
Note 10 - Leases - Lease Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019 | Jun. 30, 2019 | |
Lease Income | ||
Total lease income | $ 855 | $ 1,716 |
Note 10 - Leases - Maturities_2
Note 10 - Leases - Maturities of Future Undiscounted Lease Payments (Details) $ in Thousands | Jun. 30, 2019USD ($) |
Maturities of Future Undiscounted Lease Payments | |
Year 1 | $ 1,130 |
Year 2 | 1,088 |
Year 3 | 625 |
Year 4 | 369 |
Year 5 | 365 |
Thereafter | 2,928 |
Total future undiscounted lease payments | $ 6,505 |
Note 11 - Accumulated Other C_3
Note 11 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Estimated Reclassification from Accumulated Other Comprehensive Income Within Next Twelve Months | $ 252 |
Note 11 - Accumulated Other C_4
Note 11 - Accumulated Other Comprehensive Loss - Summary of Activity in Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Balance, beginning | $ 169,750 |
Balance, ending | 169,804 |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |
Balance, beginning | (3,003) |
Other comprehensive income before reclassifications | 28 |
Reclassifications from accumulated comprehensive income (loss) to net income | 174 |
Net other comprehensive income (loss) | 202 |
Balance, ending | (2,801) |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Interest Rate Swap [Member] | |
Balance, beginning | 328 |
Other comprehensive income before reclassifications | 24 |
Reclassifications from accumulated comprehensive income (loss) to net income | (323) |
Net other comprehensive income (loss) | (299) |
Balance, ending | 29 |
AOCI Attributable to Parent [Member] | |
Balance, beginning | (2,675) |
Other comprehensive income before reclassifications | 52 |
Reclassifications from accumulated comprehensive income (loss) to net income | (149) |
Net other comprehensive income (loss) | (97) |
Balance, ending | $ (2,772) |
Note 11 - Accumulated Other C_5
Note 11 - Accumulated Other Comprehensive Loss - Summary of Reclassifications from Accumulated Other Comprehensive Loss to Net Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Amortization of defined benefit plan pension items: | ||||
After tax | $ (73) | $ (4) | $ (149) | $ 43 |
Amortization of gain on interest rate swap: | ||||
Reclassification to interest expense | 3,154 | 3,468 | 8,812 | 6,854 |
Income tax effect | 46 | 1,418 | 144 | 1,306 |
After tax | (35) | (3,442) | (262) | (5,543) |
After tax | (73) | (4) | (149) | 43 |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||
Amortization of defined benefit plan pension items: | ||||
Amortization of loss | 122 | 91 | 243 | 182 |
Income tax effect | (35) | (26) | (69) | (52) |
After tax | 87 | 65 | 174 | 130 |
Amortization of gain on interest rate swap: | ||||
After tax | 87 | 65 | 174 | 130 |
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Amortization of gain on interest rate swap: | ||||
Reclassification to interest expense | (224) | (97) | (451) | (122) |
Income tax effect | 64 | 28 | 128 | 35 |
After tax | $ (160) | $ (69) | $ (323) | $ (87) |
Note 12 - Stock Incentive Pla_3
Note 12 - Stock Incentive Plans (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019USD ($) | Jun. 30, 2019 | |
Restricted Stock Units (RSUs) [Member] | Share-based Compensation Awards Issued in 2018, Vesting Period [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |
Share-based Payment Arrangement, Accelerated Cost | $ 112 | |
Performance Share Units [Member] | Awards Granted in 2018 [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Equal Installments | 3 | |
Share Based Payment Arrangement, Modification Expense | $ 165 |
Note 12 - Stock Incentive Pla_4
Note 12 - Stock Incentive Plans - Summary of Activity for Restricted Stock Units, Long-term Incentive Awards and Non-employee Director Stock Compensation (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands | 6 Months Ended |
Jun. 30, 2019$ / sharesshares | |
Number of shares - Nonvested, beginning balance (in shares) | shares | 1,185 |
Weighted average grant date fair value - Nonvested, beginning balance (in dollars per share) | $ / shares | $ 1.88 |
Number of shares - Granted (in shares) | shares | 171 |
Weighted average grant date fair value - Granted (in dollars per share) | $ / shares | $ 1.65 |
Number of shares - Vested (in shares) | shares | (768) |
Weighted average grant date fair value - Vested (in dollars per share) | $ / shares | $ 1.86 |
Number of shares - Canceled or expired (in shares) | shares | (208) |
Weighted average grant date fair value - Canceled or expired (in dollars per share) | $ / shares | $ 1.96 |
Number of shares - Nonvested, ending balance (in shares) | shares | 380 |
Weighted average grant date fair value - Nonvested, ending balance (in dollars per share) | $ / shares | $ 1.78 |
Note 12 - Stock Incentive Pla_5
Note 12 - Stock Incentive Plans - Summary of Activity for Performance Share Units (Details) - Performance Share Units [Member] shares in Thousands | 6 Months Ended |
Jun. 30, 2019$ / sharesshares | |
Number of shares - Nonvested, beginning balance (in shares) | shares | 2,070 |
Weighted average grant date fair value - Nonvested, beginning balance (in dollars per share) | $ / shares | $ 0.85 |
Number of shares - Granted (in shares) | shares | 779 |
Weighted average grant date fair value - Granted (in dollars per share) | $ / shares | $ 0.28 |
Number of shares - Vested (in shares) | shares | |
Weighted average grant date fair value - Vested (in dollars per share) | $ / shares | |
Number of shares - Canceled or expired (in shares) | shares | (1,318) |
Weighted average grant date fair value - Canceled or expired (in dollars per share) | $ / shares | $ 0.91 |
Number of shares - Nonvested, ending balance (in shares) | shares | 1,531 |
Weighted average grant date fair value - Nonvested, ending balance (in dollars per share) | $ / shares | $ 0.51 |
Note 12 - Stock Incentive Pla_6
Note 12 - Stock Incentive Plans - Share-based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Total compensation cost for share-based payments | $ (9) | $ 325 | $ 489 | $ 567 |
Weighted average grant-date fair value of equity instruments granted (per share) (in dollars per share) | $ 0.53 | $ 1.75 | $ 0.53 | $ 1.76 |
Total fair value of shares vested during the period | $ 436 | $ 1,427 | $ 1,524 | |
Unamortized share-based payments | $ 293 | $ 1,315 | ||
Weighted average period to be recognized as expense (Year) | 328 days | 1 year 109 days |
Note 13 - Earnings Per Share (D
Note 13 - Earnings Per Share (Details Textual) - 6.25% Convertible Notes Due 2018 [Member] - shares | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2018 | May 01, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | ||
Convertible Notes Payable [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 322 | 648 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | 6.25% |
Note 13 - Earnings Per Share -
Note 13 - Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Net income attributable to Alaska Communications | $ 35 | $ 3,442 | $ 262 | $ 5,543 |
Weighted average common shares outstanding: | ||||
Basic shares (in shares) | 53,799 | 53,111 | 53,591 | 52,897 |
Effect of stock-based compensation (in shares) | 770 | 777 | 1,008 | 932 |
Diluted shares (in shares) | 54,569 | 53,888 | 54,599 | 53,829 |
Basic (in dollars per share) | $ 0 | $ 0.06 | $ 0 | $ 0.10 |
Diluted (in dollars per share) | $ 0 | $ 0.06 | $ 0 | $ 0.10 |
Note 14 - Retirement Plans - Su
Note 14 - Retirement Plans - Summary of Net Periodic Pension Expense for ACS Retirement Plan (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Interest cost | $ 150 | $ 141 | $ 300 | $ 282 |
Expected return on plan assets | (169) | (198) | (339) | (396) |
Amortization of loss | 141 | 148 | 282 | 296 |
Net periodic pension expense | $ 122 | $ 91 | $ 243 | $ 182 |
Note 15 - Supplemental Cash F_3
Note 15 - Supplemental Cash Flow Information (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Restricted Cash and Cash Equivalents, Current, Total | $ 1,631 | $ 1,634 |
Certificates of Deposit [Member] | ||
Restricted Cash and Cash Equivalents, Current, Total | 1,600 | 1,600 |
Other Restricted Cash [Member] | ||
Restricted Cash and Cash Equivalents, Current, Total | $ 31 | $ 34 |
Note 15 - Supplemental Cash F_4
Note 15 - Supplemental Cash Flow Information - Reconciliation of Cash and Cash Equivalents and Restricted Cash Reported Within the Statement of Financial Position (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Cash and cash equivalents | $ 23,920 | $ 13,351 | $ 10,388 | |
Restricted cash | 1,631 | 1,769 | ||
Total cash, cash equivalents and restricted cash | $ 25,551 | $ 14,985 | $ 12,157 | $ 16,168 |
Note 15 - Supplemental Cash F_5
Note 15 - Supplemental Cash Flow Information - Summary of Supplemental Non-cash Transaction and Nonmonetary Exchange Information (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Supplemental Non-cash Transactions: | ||
Capital expenditures incurred but not paid at June 30 | $ 4,488 | $ 3,520 |
Additions to ARO asset | 25 | 708 |
Unsettled share repurchases | $ 56 |
Note 17 - Commitments and Con_2
Note 17 - Commitments and Contingencies (Details Textual) $ in Thousands | Jun. 30, 2019USD ($) |
Estimated Litigation Liability | $ 1,516 |